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WTI CRUDE OIL Confirmed buy opportunity
CFDs on WTI Crude Oil
Long
WTI CRUDE OIL Confirmed buy opportunity
By TheCryptagon
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May 17, 2023
3
8
21
21
May 17, 2023
WTI Crude Oil is rebounding on the Rising Support, internally inside the Channel Down pattern.
The 1day RSI remains under 50.00, so there is still time to buy this bullish wave to the top of the Channel Down.
Target the 1day MA100 at 76.00.
Open 1st Sell there and 2nd (if required) on the 1day MA200 (which formed the previous top) at 79.50. Target on both Support A at 64.50.
Additional indicator to sell, when the 1day RSI hits 60.00.
Previous chart:
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Chart Patterns
Commodities
crude
Energy Commodities
Technical Indicators
Oil
Trend Analysis
wticrudeoil
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